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Intercity Group, a South Korean developer, plans to build a $400 million casino resort in Cambodia. According to James Cho, Intercity's vice president, Harrah's Entertainment and MGM Resorts International are considering investing in the casino. "Not everybody's going to gamble in Macau or Singapore," Cho said. "Cambodia is family-friendly, and it's cheaper."

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Intercity Group, a South Korean developer, plans to build a $400 million casino resort in Cambodia. According to James Cho, Intercity's vice president, Harrah's Entertainment and MGM Resorts International are considering investing in the casino. "Not everybody's going to gamble in Macau or Singapore," Cho said. "Cambodia is family-friendly, and it's cheaper."

The Saginaw Chippewa Indian Tribe held a celebration for the 12th anniversary of the Soaring Eagle Casino & Resort in Mount Pleasant, Mich. The tribe also honored employees who have worked for the casino since it opened in 1998. "This should be about the employees and the guests because they are the ones who have made this so successful," said tribal Chief Dennis V. Kequom.

Penn National Gaming unveiled details of its planned Hollywood Casino Columbus in Columbus, Ohio. The $400 million casino would seat 3,800 players and feature 3,000 slot machines, 70 table games and 30 poker games. Penn has spent $75.8 million so far on the former Delphi industrial site for the casino.

Massachusetts has shed its puritanical roots as the legislature works toward crafting a casino bill for the state. "The cultural and ethical resistance has slowly been worn down as we've gone through this financial crisis," said Steve Crosby, dean of the McCormack Graduate School of Policy Studies at the University of Massachusetts, Boston. A Massachusetts governor first proposed casinos in the early 1990s when Foxwoods Resort Casino opened in Connecticut.

Moody's Investors Service issued a report on the health of the U.S. gaming industry. "In our view, the gaming industry is not much better than it was, but it's also not much worse," said Moody's Senior Vice President Keith Foley. The economic downturn caused a dip in discretionary spending by consumers, and many casinos are weighed down by debt, according to the report.